PDB Afternoon Bulletin | October 13th, 2026: Xi Jinping's Plan to Make China a Superpower Is Backfiring & Russia's European Sabotage
Summary
Mike Baker analyzes how Xi Jinping’s massive borrowing to fund industrial expansion is creating severe economic vulnerabilities in China, including a real estate bust and shrinking domestic demand. The episode also features MI5 Director General Ken McCallum’s warning that Iran and Russia are escalating covert attacks across Europe, targeting military bases and critical infrastructure like Starlink stations.
Topics discussed
Introduction and show preview
China's superpower ambitions and economic strain
China's $43 trillion debt and industrial expansion
Auto industry oversupply and export reliance
Real estate bust and local government debt
Rising debt costs and Xi's strategic dilemma
US perspective on China's financial vulnerabilities
Sponsor: Brunt Workwear and boots
Sponsor: Trust & Will estate planning
MI5 warning on Iranian threats to UK
RAF Fairford plot and Iranian capabilities
Russian sabotage and cyber attacks in Europe
Polish Starlink station arson investigation
Overview of Russian malign activity in Europe
Closing remarks and premium membership
Sponsor: ExciteOSA sleep apnea device
Medical disclaimer for ExciteOSA
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